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WETA
Feb 14, 2013 12:30am EST
loom over steep mandatory cuts in federal spending, another debt ceiling vote, along with new worries over the effect of any cuts on a still-weak economy. at issue is nothing less than the size and responsibility of the federal government. we call the film "cliffhanger." frontline is made possible by contributions to your pbs station from viewers like you. and by the corporation for public broadcasting. major support for frontline is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant and peaceful world. more information is available at macfound.org. additional funding is provided by the park foundation, dedicated to heightening public awareness of critical issues. and by the frontline journalism fund, with a grant from scott nathan and laura debonis. >> polls open across the... >> it's going to be a fierce battle for control of the house and the senate... >> one of the most closely watched midterm elections in years... >> decision day, voters across america head to the polls for midterm elections, with control of congress hanging
PBS
Feb 13, 2013 4:00am PST
do something which had not been done before, which is to use the debt ceiling vote for maximum leverage and threatened to throw the country into default. >> narrator: without raising the debt ceiling, the government would be unable to pay its bills. cantor saw the threat of a no vote as leverage to force the president to accept dramatic spending cuts. >> you always look for these moments when the president has to have something passed. but the debt ceiling represents the equivalent of a massive fiscal heart attack. >> narrator: cantor told them no president could ignore the threat. >> it has to be done. it's essential. if you don't raise the debt limit, you can no longer borrow, you can't pay your bills. you default. >> narrator: the new republicans got the message. >> in other words, "look guys, as a team we recognize that this is a leverage point. trust us and we're going to use it so that you fulfill your campaign promises." >> narrator: majority leader cantor had laid out an approach that would put the new congress in direct conflict with the white house. >> it was clear th
CSPAN
Feb 10, 2013 6:00pm EST
debt ceiling debate to may 18. so, you have these self-imposed economic wounds, and really what we should be doing is dealing with them all at once in a comprehensive manner. if we cannot deal with it for a 10-year period, at least deal with it through the remainder of this fiscal year and that is exactly what the house democratic alternative did. we would replace that sequester with deficit reduction achieved over a longer time. in suburban maryland, represent a lot of people that would be directly affected if the sequester hits. do you think the administration is doing a good job of preparing federal workers and folks whose paychecks depend on what happens in the next few weeks for how it will work and how to plan their lives? >> we have been urging them to provide guidance to federal employees because as we get closer to the date there is more and more anxiety, understandably. they are trying to provide notice to employees about things that can be expected, but the problem is it affect each agency differently, so there is not one rule of thumb that will apply to every federal ag
CNN
Feb 10, 2013 12:00pm PST
debt ceiling debacle in 2011. next while congress takes a two-week break for easter and passover, funding for the federal government will expire. that means a shut-down if congress doesn't act in time. and april 15th, thanks to the no budget, no pay act, the house and senate must pass a senate or they stop getting paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the downgrade of america's credit rating. the consequences for you could be dire. your borrowing costs would likely rise along with your taxes. you could expect cuts to the programs and government services you rely on. jon king is cnn's national correspondent. jon, president obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there something more he could be doing to end the small thinking about big problems that has become the norm in our nation's capital? >> he still wants the grand bargain he's been talking abo
CSPAN
Feb 12, 2013 8:00pm EST
is a terrific farm to do it, and these two questions at the constitutionality of the debt ceiling legislation through the house and senate on the pay issue in payment of the public debt in social security, whether they have enough in their surplus from what people paid regardless of what the government is taken out, or what they have paid in counts. it is count in the deficit numbers picture trying to do something about? who wants to go first? congressman price. >> yeah, the debt ceiling affairs. nobody is talking about paying the data. nobody is talking about not paying the public debt. what were talking about is making sure we get are spending under control so we can create an economy that's vibrant and be able to cover the debt of this great country without the austerity measures we've seen in other countries. so there's two things you got to think about. the debt that's been incurred. yes, the nation is good for that type. and the path forward. are we going to ban that down so they can actually have an economy that is vibrant and create jobs, or are we going to go as far as the eye can se
CSPAN
Feb 14, 2013 5:00pm EST
designed to raise the debt ceiling because we had borrowed all the money that legally could be borrowed, and the administration wanted to spend more and borrow more money. we were borrowing well over 35 cents out of every dollar that we spent at that time and still are, and so he wanted to raise the debt ceiling, and the people holding the credit card, the united states congress, said wait a minute, you have run up too much debt, you have got to lay out a plan that at least over ten years would equal the amount we raised the debt ceiling. you get to spend that money now, and it was spent in 18 months. we already hit the debt ceiling again. we would raise this debt ceiling $2.1 trillion, and an agreement was reached to reduce spending over the next ten years by $2.1 trillion. so that was then. the president signed that. the democratic leader in the senate agreed to that. the speaker of the house, the republican, agreed to that. that became the law. well, we were on path at that time -- and these are numbers that we live with every day. i'm the ranking republican on the budget co
MSNBC
Feb 11, 2013 4:00pm EST
way to hold the debt ceiling to ransom. the only leverage they have is leverage to lower their poll ratings and lower the boom on the american economy. the cbo says if you do this, you won't get unemployment under 7.5% before 2015. you could actually push this economy back into another recession and republicans who use this strategy from 2009 on wrecked the economy to try to wreck obama, weren't able to sell that to the american people in 2012. they can't sell it to the american people now. and you can't rebrand yourself as a party if you're wearing the scarlet letter of deception and economic destruction. >> that's absolutely true. karen, republicans seem to think that they've got the president in a real bind over this sequester. take a listen to this. >> that's not fair. >> democrats are exactly where the republicans were six weeks ago. look, taxes were going up by law. the only question was were you going to negotiate a good package, save as many of the bush tax cuts as you could? >> karen, they're now saying republicans have as much leverage now as the democrats did during the f
CSPAN
Feb 12, 2013 1:00pm EST
compare the two then we prove to the debt limit, debt ceiling deadline of may 19. the time, ladies and gentlemen, where we if we can work together, if we can work together as a -- as the representatives of the people of this great country, come together and find the solutions that will get us on the pro-growth path. because you can't balance the budget solely on raising taxes you can't budget the balance -- balance the budget solely on spend regular duckses. you have to get the economy rolling again. for us that means appropriate tax reform, saving, strengthening, and securing medicare, medicaid, an social security, programs on a path to bankruptcy. it means adopting a sane energy policy to make it so we're energy independent, we don't have to continue to send money overseas, over and over and over. and also it means recognizing that we are a red tape regulation nation right now that is destroying the ability for small and large businesses to create jobs. pro growth policies are what will actually get us out of the doll drum wers in right now. finally, let me leave you with a challenge
CNN
Feb 16, 2013 10:00am PST
-january. we discussed the debt ceiling. you voted against the deal to suspend the debt ceiling with 34 of your fellow senators but it passed anyway. what yo do you need to see in a bill to avoid the sequester sometime between now and the end of february? >> ali, first of all, as someone who did run a business for 22 years, i'm embarrassed about the way we're operating the country right now and i want to say that up front. sequestration is a bad idea. we ought to be doing our business, approapriating and budgeting, making decisions on cost b-benefit analysis. these continual deadlines and cliffs is no way to run a country much less a company. >> when you run a company, you have these things called poison pills. that's what the sequestration was. something to awful it would prevent a certain course of action from taking place. why is it that elected officials don't treat that the same way that you would if you were in business? if you had a poison pill in your business to say if you don't do something x will happen or if you do x would happen, you'd avoid that bad thing. a poison pill
CNN
Feb 10, 2013 1:00pm EST
ceiling. the debt ceiling we were all terrified. if we even went a few hours with the u.s. government not paying interest on its debt, then god knows what would have happened. this is not like that. this is something where the negative effects kick in gradually. the world won't end if we go a month into this thing, so he can afford to wait, where i believe the republicans will have to cave eventually. what he should be looking for is i think some face-saving way for everybody to just kick this can down the road. we shouldn't be doing anything right now. >> [ inaudible ]. >> we could have some vague spending cuts promised in the future, some real revenue sources. >> all in the future. because you don't want any austerity now. >> this is a terrible time to do it now. >> i think his reaction depends on whether or not the republicans can hold their coalition together. and if they can create a coalition that holds together, which might even include some democrats, i think they can prevail on this issue and get a small amount of cost reduction. i think if they shy away from -- >> do you wan
Current
Feb 13, 2013 5:00pm PST
. he used this when he failed on the prior debt ceiling negotiations. we need to pass gun safety and gun violence prevention out of the house. we need to start here. we have many sensible measures. we have a gun task force that has put forth a variety of measures which should be by bipartisan. we should put those on the moore. the victims of gun violence, their families, their communities, they deserve this. not only calling for a vote, but i say we should call for a vote, and we should call for these bills to be passed. i think what the president said last night and how he said it was a call to arms for the country. people need to get on the phones e-mail and have their members of congress not be bullied by the nra and to support some of these gun safety measures. >> john: well, speaking of the nra i would have to say the most dramatic moment came at the end when the president calls for real action on gun violence. there seems to be a consensus that a bill expanding background checks could pass the house. does it look like those are lost cause force now? >> not lost causes, but an u
MSNBC
Feb 14, 2013 1:00am EST
did on debt ceiling. but how does boehner try to keep control of his side on this? >> well, and that has been the big question. it is remarkable, actually, that we were able to avoid the fiscal cliff. i mean, we sort of went over it and we were able to keep that intact. and the republicans basically blinked, they realized on some level that they were becoming known as the party of manufacturing crisis. this was all they -- that they had to offer the country. if they go down that path too many times, their approval ratings are already at all-time lows. they can't sink any further in the public's estimation. and we're looking at sequester and continuing resolution. we're going to have another debt ceiling debate in the summer. now rather than the burden being on the democrats to figure out the problems, i really think the burden is on the republicans because if they have cause these crises time and time again, the american public sees what is going on and understands who is responsible. >> the president is offering them the chance to avoid the disaster. he is doing it with a combi
CNBC
Feb 12, 2013 1:00pm EST
don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the session, course of the program. what is your takeaway from what tim cook said or didn't say today? >> listen, i think it's very interesting this whole conversation with what einhorn has now created with apple. this conversation ensuing. i like apple. i like apple where it is at the moment. >> did you like it all the way down. >> i said a long time ago when it started to crack at 700, you had to be careful. there's so many names we saw at the end of the year, get into it, push and push the way the market got ahead of itself. i fully expect the market will back off some. it needs to some. if you look it up, exactly what it did over couple of months. >> thank you. breaking news in the
MSNBC
Feb 16, 2013 12:00pm EST
anything else, which is we will reduce spending for $1 for every dollar that we raise the debt ceiling back in august 2011. that's what a lot of folks forget, alex, is that this is the last piece of the august 2011 debt ceiling agreement whereby the president, senate democrats and house republicans said, okay, let's raise the debt ceiling but for every dollar we raise that debt ceiling, we'll lower spending by a dollar. so i am in favor of keeping that agreement. >> but keeping that agreement, if the sequester goes into effect, according to the cbo, it says it will cut u.s. growth in half. it will cost at least 1 million jobs and jobs by extension, consumers, which drive the economy. don't you agree that losing 1 million jobs will be disastrous to the recovery? >> if you turn just to the cbo, the stimulus of three years ago would have solved all of our problems and we would not have had all the difficulties we have today. would have led to tremendous gdp growth. neither does the cbo ever report or take into consideration the impact the huge debt has on the growth of our gdp and job creation
FOX News
Feb 12, 2013 10:40pm EST
to the debt ceiling and couldn't get anywhere this is one thing he asked. when he didn't want to do anything about it coming to the future and ignore it. remember in his presidential campaign second debate said this would never happen. it's never done any action to try and cut somewhere else. even though the house, the republicans led last term and passed a bill twice and died in the senate and didn't take action. now that it's coming to the deadline, he wants to ignore, that's kicking the can down the road. you can't do that. we spend more than we bring in. i mean, look, in the first two months of this new fiscal year, our revenue increased by 10%, an extra 30 billion, but our spending increased 16 billion. and 30 seconds left. and yep, i've got to do that one? >> i thought when he talked about men and women in our military making sure they're able to do and be the very best, yeah, we all agreed. i thought when he talked about looking for the future in investing and research, i'd like to invest in research further. i know that pays off. but you can't make investments if you can't p
PBS
Feb 7, 2013 6:30pm PST
want to have. it was the price that they paid to avoid the fight over the debt ceiling and potential government shutdown. >> reporter: the president's state of the union will also include a pitch for more job creation. and it will be cast as part of an overall plan to make the economy work for everyone. >> the question that i will ask myself on every item, on every issue is, is this helping to make sure that everybody's got a fair shot and everybody is doing their fair share and everybody is playing by the same rules, because i believe that is a growth agenda. >> reporter: the republican response will be delivered by florida's marco rubio, a strong supporter of immigration reform. rubio says he'll stress how free enterprise can help strengthen the middle class. darren gersh, "n.b.r.," washington. >> susie: more uncertainty today about when boeing's dreamliner will be cleared to fly. the nation's top transportation safety official, is now questioning the testing process used to assess the safety of lithium ion batteries in boeing 787 planes. the national transportation safet
SFGTV2
Feb 16, 2013 8:00am PST
certainly realize that at least as to help, that is one of the key problems going on in the present debt ceiling controversy in washington. >> my favorite book just recently, and i tell you it is $9.95 on amazon, is president kennedy's book called "nation of immigrants." it was written in the early 1960's. it will take you a couple of hours to read it again. it is a fabulous book and makes you realize that nothing has changed in the last 50 years. he talks about why we are a nation of immigrants and why that has been the strength of america. so, yes, we are all a nation of immigrants. we should remember that in these debates. but florida has an interesting process, something the all states should adopt, but every 20 years, a group of 30 citizens are awarded by the governor, the speaker of the house, the senate, supreme court, to rewrite florida's constitution, every line of it. it does not go to the legislature. all those pesky lobbyists out there do not get a chance to lobby one way or the other. goes right to the citizens of the state. took us two years to do that. we look at these iss
CBS
Feb 15, 2013 1:35am EST
congressional republicans could not agree on a debt ceiling deal, the obama administration proposed what was known at the time as a compulsory trigger to force spending cuts if both sides couldn't agree on a deficit reduction plan. it was meant to be so awful that no one would let it happen. hill republicans essential signed off. the president signed it. both sides guessed these automatic across the board spending cuts we've now come to know as sequestration. the new deadline for the cuts is the end of the month. and there is no deal to stop it. we keep hearing how bad it will be. one day a weak furloughs for up to 800,000 civilian pentagon employees. friday the navy is expected to announce it will postpone the repair of almost two dozen ships, threatening tens of thousands of jobs in virginia alone. and those repairs? >> if we don't do that, we are sending a ship out in harm's way that may not be as fit to fate as it should be. >> so here's how we avoid it. >> reporter: virginia's tim kaine is among senate democrats proposing an alternative, a $120 billion deficit reduction plan half in
NBC
Feb 12, 2013 5:00am EST
deficits and debt. >> did not forget about the debate over tax reform. the fight over the debt ceiling is back in play in mid may. >> hallie jackson, thank you. >> 5:27. >> the latest on the breaking news out of college >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm mindy basara. >> and i'm stan stovall. thanks for joining us for 11 news today. here's a look at some of our top stories. police on the scene of a death investigation near the college park campus at the university of maryland. the university sent out and emergency alert to all students that said a shooting happened on campus. suspects were seen leaving in a honda odyssey. >> a successful nuclear test from north korea. the white house calls the latest test a highly provocative act. >> a financial plan for baltimore from stephanie rawlings-blake. having city employees contribute to their pensions. you can read more on our website, wbaltv.com. >> not to bed as far as the temperatures -- not toobad as far as the temperatures. 45 degr
ABC
Feb 12, 2013 5:00am EST
of debates regarding the fiscal cliff. the debt ceiling gun control and immigration reform. all the hot topics will likely make it into the president's remarks but the focal . from the beginning will be -- point from the again will be the economy and job creation in the u.s. unemployment rate climbed back up to 7.9% and monthly job creation remains modest as millions of americans still look for work. >> the economy will be central to the speech and how we grow the economy so ive can participate. -- so everybody can par test pay the a fair shot and pay your fair share. >> on gun control the white house invited a number of gun violence survivors to the chambers as the president will likely recommit to swift and sweeping action on gun regulation among those attending is the family of hadiya pendleton the family of the teen who was gunned down at a park in chicago. you can follow us throughout the day on twitter to get updates on the president's speech. what he has to say and the comments about that address. following the remarks which will be seen on abc2 beginning at 9, florida senato
KICU
Feb 15, 2013 4:00am PST
a little further out on the spectrum, you have a few things in the marketplace - of course, the debt ceiling coming up is one. but if you look at the market overall, it is still maintaining at that these high levels. it is working off some of the overbought conditions it basically attained through january, and, again like i said, we're only 1% off of the dow high from 2007, and we're only 2% off of the s&p high from 2007, so the market is consolidating here at a very good level, and it looks like it definitely has the potential to push those highs in the next couple of weeks. > what is going on with the big money, we used to call it, the so-called smart money, a lot of people just call it, the institutional players now. what do you see happening with those big funds and portfolios out there? > > you are seeing some allocations coming in, because basically what we are seeing is you're seeing some allocations coming into the market, then we are seeing them hedging some of that in the vix. but ultimately, they're putting a lot more money to work than they are kind of hedging out some of
NBC
Feb 12, 2013 6:00am EST
speech tonight. the debt ceiling will be back in mid may. >> who is on the guest list tonight? of facesseeing a lot in the crowd including people from newtown, connecticut, first responders. you also have guests representing health care, military life and immigration. along with the apple ceo and mrs. obama will be accompanied by the parents of a teenager killed in chicago. >> hallie jackson, thank you. >> desperate times call for desperate measures. that is the message from mayor stephanie rawlings-blake. she is looking for new ways to bring in revenue including having city employees contribute to their own pension. >> baltimore's pension system for civilian workers is the only large system in maryland that does not require an employer contribution. that must change. >> the mayor wants to reduce the property-tax rate. >> who will be elected to follow the pope? kim dacey joins us live in north baltimore with more on the story. good morning. >> good morning. baltimore's archbishops is commending pope benedict for acting in the best interest of the church. now people are talking abo
FOX News
Feb 9, 2013 1:00pm PST
defense industry. you have debt ceiling coming up few months after that and congress is supposed to pass a budget in the next couple of months but obviously they have not done that. >> gregg: he has raised taxes not only on high income earners, he has raised taxes on everyone. the word is he is going to say, he needs more money, more tax revenues. how is that going to be received? >> i can tell you on capitol hill it has not been received very well. house republicans basically, many of them didn't vote for the package that included the tax hikes you are referring to, the one that was voted right after new year's eve. they say that is enough. they don't want to see any more offers that includes tax increases. consider they hold the house majority and they can hold to that the best they can. i doubt we would see a package to stave off a sequester anything comprehensive like that. the best we're going to see a kick the can down the road and stave off the cuts. >> gregg: do you think this president, in a way, try to persuade the nation, that 8% unemployment, 25 million americans, unemployed
FOX
Feb 14, 2013 6:00pm EST
during the 2011 debt ceiling negotiations and only to happen if law makers failed to agree. clearly, that's the case. meanwhile, president obama taking state of the union address to the road. he met with students and teachers at the college heights early education program. plans for increasing pre-school education. the president highlighted the program during his address tuesday night. today he emphasized earlier a child begins learning, the better he or she does down the road. >> the kids we saw today that i had a chance to spend time with in mary's classroom, they are some of the lucky ones. because fewer than 3 in 10 four year olds are enrolled in a high quality pre-school program. >> the president says congress needs to come up with a way to pay for all children to have pre-school education. republicans say they want to review his head start program before they spend more taxpayer money. >>> the edge on dc. today is valentine's day. this date has been used to bring awareness to violent acts against women. matt takes us to a rally held rightur area. >> on a day meant for love and
FOX
Feb 15, 2013 4:25am EST
ceiling negotiations. it was to happen only if lawmakers fail today agree on reducing the nation's debt, something that has not happened yet. >>> last night senate republicans blocked the nomination of chuck hagel, the president's pick to be the next defense secretary. they are demanding more details from the white house on the daily raid on the u.s. consulate in libya last september and also want more time to look into income that hagel failed to disclose during confirmation hearings last week. republicans say they will not block an up-or-down vote after they get back from vacation in 10 days. >> i think that that is a sufficient period of time to get answers to any questions and i think that senator hagel after that period of time deserves a cloture vote and an up-or-down vote on his nomination. >> president obama says republicans are playing politics with national security during wartime and says hagel will eventually be confirmed. >>> coming up next on fox 5 morning news, warmer weather, the crack of the bat, you can almost smell spring around the corner, coh, yeah. baseball time. i
MSNBC
Feb 11, 2013 10:00pm EST
the party that has been pushing, cutting the budget since the debt ceiling crisis. i mean, that is what this came out of. and now they want to turn around and place it on obama, but on the other hand they want to kind of convince us that they would ultimately go through the sequester if push came to shove. >> steve, that was very rude of jay carney to remind us of what, to use numbers like the factual record. >> we can see this week -- in 2011, it happened twice, actually o-- first, there was this continuing resolution fight early in 2011. republicans were ready to shut down the government over spending cut demands. and the white house, what we now see there is a report out that jack liu found ways to make phantom cuts, to protect the poor, and republicans didn't really look into it and accepted it. and said now we got our spending c cuts. you're saying now, the debt ceiling showdown, you had a lot of republicans, leadership particularly who walked into this mess where they actually had their rank and file to do a debt default. they needed some way, any way out of it. so what the w
MSNBC
Feb 11, 2013 7:00pm PST
now, the debt ceiling showdown, you had a lot of republicans, leadership particularly who walked into this mess where they actually had their rank and file to do a debt default. they needed some way, any way out of it. so what the white house, the democrats put in front of them was the committee, the sequester, they were so happy to have any kind of lifeline, and john boehner comes out, pretends it is a victory, 98%, keeping the members in line. now here it is, a ticking time bomb for republicans, a year, year and a half, they're realizing, wait a minute, we don't have much leverage with the sequester after all. >> but the thing is, boehner did get 98% of what he wanted if you believe that he really wants spending cuts. >> right, exactly, but he doesn't want any spending cuts. he wants spending cuts in very specific programs. >> none in defense. >> not a penny. >> that is the main area they want to avoid, which is exactly why the president pushed to put the spending cuts in. they, as you point out, made a huge strategic error. they had much more power, much more momentum back whe
Search Results 0 to 49 of about 194 (some duplicates have been removed)